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Edison Investment - NovaBay Pharmaceuticals - Q113 sets the scene - Tuning in for a crescendo of data

07:08 EDT 13 May 2013 | BioPortfolio

NovaBay’s Q113 results set the scene for a potentially transformational second half of 2013, with results expected from three Phase II studies of its topical anti-infective, auriclosene (NVC-422). We currently value the company at $71m, or $1.90 per share, but successful outcomes in all three trials (urinary catheter irrigation, impetigo and viral conjunctivitis, in order of increasing value) could boost our indicative value to approximately $130m, or $3.50 per share (assuming no significant dilution). Positive data would also provide further financing and partnership opportunities.

Source: Edison Investments - http://www.edisoninvestmentresearch.co.uk/

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